Under the MOU, HS Optimus will collaborate with and grant Fathom a period of exclusivity to apply for the relevant planning permits and to explore opportunities to jointly develop HS Optimus’ property located at 23-31 Lincoln Square South, Carlton, into a purpose-built student accommodation (PBSA).
https://sg.finance.yahoo.com/news/hs-optimus-signs-non-binding-232553696.html